There are numerous ways to get your income tax refund as quickly as possible. Follow these tips from UBOS to get your tax refund faster than ever.
Waiting for your tax refunds can be like looking at fresh cakes that bakeries display in significant cases behind the counter. They are provokingly close, but you can’t just jump over the counter and grab one – you have to wait until the cashier gives it to you. Everyone looks forward to getting their tax refund as soon as possible. It’s a sticky blend of impatience, anticipation, and frustration. They can use it to pay off their debt, put it into their savings accounts, take a vacation, or buy something they’ve wanted to buy for a long time. According to Yahoo Finance, the average amount of federal tax refund for an individual was about $2,707 for 2019 taxes filed in 2020.
It can be a lovely lump of change. But if you need it easily and quickly and you’re worried about how much time it’s going to receive your tax refund amount, thankfully, there are some things you can do to ensure you get it as soon as possible.
Here are a few ways in which you can get your tax refund faster in the year 2021.
File Your Taxes ASAP
The sooner you file, the sooner your tax refund will arrive at you. Maybe you’re hesitant to file because, in the past, you didn’t like doing your taxes. With UBOS, you can quickly and conveniently file your taxes with the help of an expert or on your own. You won’t have to go to any physical location or pay a CPA hundreds and thousands of dollars to file your taxes. You can check out the various methods we use to help you file your taxes and get started now. Our ProTips provide info on credits and deductions you can take and extensions and deadlines you need to be conscious of when you file your taxes. Keep in mind that in the year 2021, taxes are due on April 15. If you are filing from Texas, the federal filing date has been extended to June 15, 2021.
Avoid the Mail and File Electronically
You can file your tax return electronically through the UBOS site or any other CPA or tax software or the IRS itself if you qualify, and the IRS likely will issue your refund within 21 days. Don’t file a paper tax refund. It takes approximately six to eight weeks. This is going to be much easier and quicker than mailing in a paper return. According to the IRS, once you send your refund and they receive it, it can take up to 6 to 8 weeks for your refund to process. You’ll also have to check in how long it’ll take to reach the IRS; that could add a few more days or weeks.
Skip check and Use Direct Deposit
According to the IRS, 8 out of 10 taxpayers like to use direct deposit to retrieve their tax refunds as it speeds up your refund process. The IRS sends out more than nine out of 10 direct deposit refunds in less than 21 days of filing, and if you’re eligible for a COVID-19 stimulus check, you’ll get it much quicker with direct deposit. When you’re filing your taxes, you can select direct deposit as the option to receive your refunds and then provide your routing and current account details. They can be found on a paper cheque or by looking at your bank account details online.
Keep Track of Your Refund Status
Once you have filed your return electronically, you can check the whereabouts of your refund within 24 hours on the IRS website. Then, you should get your payment within 21 days. Though tracking won’t make things move faster, it will give you a better idea of when to expect your money.
Suppose it’s been more than 21 days since you filed your tax refund electronically and you selected the direct deposit method, and you still haven’t gotten your money. In that case, again, you can log into the IRS website and provide your Social Security number, refund amount, and filing status.
If you’d want to call, you need to wait at least four weeks since you filed your tax return, and then call the IRS TeleTax System on 1-800- 829-4477. You’ll need to provide your Security number, the amount of your refund, and your filling status.
File Your Taxes Now With Us
Getting your refund faster is a pretty straightforward process. All you have to do is file on time. Check out UBOS’s tax filing options for free, deluxe, premier, and self-employed returns, and then file your taxes to get your refund much quicker.
UBOS is up to date with all the latest tax law policies and can help you submit your correct information to the IRS. Start filing your taxes today. If you need some extra help, connect with a tax expert using the UBOS site and get the best tax advice when you need it.
At UBOS, our experts are always available to guide you with anything related to tax planning, tax strategies, and more. Do contact us today at ubos.pro to begin your consultation and learn more about how we can help you!